Showing posts with label power corrupts. Show all posts
Showing posts with label power corrupts. Show all posts
Monday, March 19, 2012
She wants to call the shots.
From 90.5 Essential Public Radio, Josephine Posti believes that school boards should be free to make their own decisions. Busting School Board Buyouts I guess the board didn't learn anything from that fiasco.
Sunday, March 18, 2012
How's this for a study?
A reader sent me this article which appeared recently on Forbes.com. William Pitt (sound familiar?) was quoted as saying, "Unlimited power is apt to corrupt the minds of those who possess it." Maybe they just get stupid.
Study Finds That Having Power Can Make You Stupid
Do you ever get the sense that the more powerful people get, the more foolish they become? You’re not the only one. Four university professors thought the same thing, and they devised a test to find out if it’s really true. It is, they concluded.
That is, they found that power dependably breeds overconfidence, and overconfidence dependably leads to bad decisions. Nathanael Fast, of the Marshall School of Business at the University of Southern California, Niro Sivanathan, of London Business School, Nicole Mayer, of the University of Illinois, and Adam Galinsky, of the Kellogg School at Northwestern University, noticed two well-known instances of calamitous overconfidence among the powerful: Steve Case‘s blithe orchestration of the $350 billion merger of AOL and Time Warner in 2000, and BP‘s massive obliviousness to risks, under Tony Hayward, that led to the Deepwater Horizon disaster.
The four wanted to know, are such overconfident people drawn to power, or does power itself create their overconfidence?
They had subjects write detailed accounts of times when they had had or had lacked power. They then had them answer a series of factual questions and rate how confident they were about their answers. They found that the people who had been primed to think of themselves as more powerful had more confidence in their answers than the rest—and yet their answers were actually less accurate. Yes, “confidence in one’s answers was inversely correlated with accuracy.”
Four follow-up experiments confirmed and expanded the results. The researchers came to a disturbing conclusion:
The full study is being prepared for publication in the journal Organizational Behavior and Human Decision Processes.
Having Power Can Make You Stupid
Study Finds That Having Power Can Make You Stupid
That is, they found that power dependably breeds overconfidence, and overconfidence dependably leads to bad decisions. Nathanael Fast, of the Marshall School of Business at the University of Southern California, Niro Sivanathan, of London Business School, Nicole Mayer, of the University of Illinois, and Adam Galinsky, of the Kellogg School at Northwestern University, noticed two well-known instances of calamitous overconfidence among the powerful: Steve Case‘s blithe orchestration of the $350 billion merger of AOL and Time Warner in 2000, and BP‘s massive obliviousness to risks, under Tony Hayward, that led to the Deepwater Horizon disaster.
The four wanted to know, are such overconfident people drawn to power, or does power itself create their overconfidence?
They had subjects write detailed accounts of times when they had had or had lacked power. They then had them answer a series of factual questions and rate how confident they were about their answers. They found that the people who had been primed to think of themselves as more powerful had more confidence in their answers than the rest—and yet their answers were actually less accurate. Yes, “confidence in one’s answers was inversely correlated with accuracy.”
Four follow-up experiments confirmed and expanded the results. The researchers came to a disturbing conclusion:
Not only do overconfident people tend to acquire roles that afford power . . . but the subjective sense of power brought on by these roles causes people to become further overconfident. . . . Finding practical ways to soften and/or hold in check the causal relationship between power and overconfidence represents an important endeavor for future research. Helping the powerful safely escape this perilous aspect of power is not only in the interest of power holders, but is also in the interest of all who are daily impacted by their decisions.What can you do? One answer, apparently, is to humiliate the powerful. The fifth and final experiment the four conducted found that the tie between power and overconfidence “was eliminated when the powerful were made to feel incompetent.”
The full study is being prepared for publication in the journal Organizational Behavior and Human Decision Processes.
Having Power Can Make You Stupid
Labels:
bad decisions,
Forbes,
power corrupts,
study
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